Brussels, Jakarta Emerging countries want to participate more in the booming market for electric car batteries. For example, the President of Indonesia, Joko Widodo, is offering German car companies nickel mining concessions if they settle in his country.
“If we work together with Germany, we can build a large ecosystem and cover the entire supply chain: from the nickel smelting plants to battery production to the finished car,” Widodo said in an interview with Handelsblatt.
Nickel is a crucial raw material for battery production and is also mined in Russia. Since the attack on Ukraine, the price has risen sharply.
Indonesia wants to build numerous battery factories
In order to attract investment, Indonesia relies on restrictions on the export of raw materials. Since the beginning of 2020, the country has had an export ban on nickel ore in order to bring more added value into the country for further processing – probably a breach of the rules of the World Trade Organization WTO.
Top jobs of the day
Find the best jobs now and
be notified by email.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue